Irrevocable Confirmed Purchase Order (I.C.P.O.) - (template)

This document is prepared in the form of an Irrevocable Confirmed Purchase Order (I.C.P.O.) which has drafted subject to the rules of the International Chamber of Commerce, ICP 500.

IRREVOCABLE CONFIRMED PURCHASE ORDER #______________

Date: _______________
To: ________________
Attn: ________________

We, ___________________on behalf of director of _________________ with full responsibility and behalf on our Buyer ready to purchase the following goods:

PRODUCT

: ____________________

ORIGIN

: ____________________

TOTAL QUANTITY

: ______________________________ (____________) M.T. per year.

MONTHLY DELIVERY

: ______________________________ (____________) M.T. per month.

QUALITY

: Export quality

CONTRACT PERIOD

: ___________________ months

DELIVERY

: FOB ___________________ or CIF port ___________________

PRICE AND DISCOUNT

: To be mutually agreed upon by Buyer & Seller

PAYMENT CONDITIONS

: Irrevocable, Confirmed, Revolving L/C from a prime world bank

PAYMENT PROCEDURES

: According to the terms of the contract, to be mutually agreed upon by Buyer & Seller

TRANSACTION PROCEDURES

: According to the terms of the contract, to be mutually agreed upon by Buyer & Seller

INSPECTION

: SGS for Quantity and Quality

PERFORMANCE BOND

: 2% Performance Bond

PROCEDURE

1)

2)

3)

BANK

: _______________________________

ADDRESS

: _______________________________

BANK OFFICER

: _______________________________

ACCOUNT NAME

: _______________________________

IBAN

: _______________________________

SWIFT

: _______________________________

TELEPHONE

: _______________________________

E-MAIL

: _______________________________

The following document provides the legal basis for the Sellerís transfer of these terms and parameters for preparing of the draft contract and shall become an integral part of the future contract and valid for up to ____ days from the date to the buyer.